Regulation
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Tag: BlackRock
What Consultants Tell Clients About Navigating Treacherous ESG Shoals
Asset allocators and managers need guidance at a time sustainability has become a hot political topic.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Research
500 Largest Asset Managers Increase Assets by 10.2% in Past Year
The Thinking Ahead Institute’s report found that assets at the Top 500 asset managers hit $131 trillion in assets under management in 2021.
Asset Allocation
BlackRock Touts Its Ideal Asset Mix to Hit Allocators’ Target Returns
The best chance of reaching a 7.5% gain is to go heavily into bonds, its study contends.
Asset Allocation
Louisiana Divests Nearly $800 Million from BlackRock to Protect Fossil Fuel Industry
Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
Newsmakers
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’
Newsmakers
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.
Research
Unexciting Earnings May Be Warning Sign, BlackRock Says
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
Newsmakers
19 GOP Attorneys General Slam BlackRock Over ESG Investments
‘Fiduciary duty is not lip service,’ says August 4 letter, which is addressed to CEO Larry Fink and seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Newsmakers
Governor Moves to Bar Florida SBA From ESG Investing
Although the state's funds are hardly a hotbed of climate activism, DeSantis joins other GOP pols in opposing ‘woke capital.’
News
BlackRock: Why Buying the Dips Is a Bad Idea Now
The outlook for profits, valuations and the Fed are dispiriting, says a study from the asset manager.
Regulation
PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans
Public commenters expressed concerns over investment restrictions, discount rate calculations.
Newsmakers
GOP-Led States Ban Pension Plans From Dealing With ESG-Backing Firms
Texas probes whether BlackRock and other asset managers are boycotting fossil fuels.
Asset Allocation
The First Quarter Was Bad for Asset Managers’ Stock, Even Though Their Fourth Quarter Earnings Ruled
Amid the market carnage of early 2022, the long-term outlook is good for the money mavens.